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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Aerospace Industrial Development's annualized ROCE % for the quarter that ended in Dec. 2025 was 12.62%.
Aerospace Industrial Development (TPE:2634) ROCE % Explanation
ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.
Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.
Aerospace Industrial Development ROCE % Related Terms
Aerospace Industrial Development ROCE % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
(1) Note:
The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Aerospace Industrial Development (TPE:2634) has a ROCE % of 12.62% as of Dec. 2025.
Is Aerospace Industrial Development's ROCE % too high?
Aerospace Industrial Development's current ROCE % is 12.62%. The Aerospace & Defense industry median ROCE % is 6.18. Aerospace Industrial Development's value of 12.62% is 104.2% above this industry median. Overall, Aerospace Industrial Development has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aerospace Industrial Development's ROCE % compare to SPCX and GE?
Aerospace Industrial Development's ROCE % of 12.62% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.18. Aerospace Industrial Development's value of 12.62% is 104.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Aerospace & Defense company?
The median ROCE % among Aerospace & Defense companies is 6.18, based on 354 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aerospace Industrial Development's current ROCE % of 12.62% is 104.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aerospace Industrial Development's current ROCE % is 12.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aerospace Industrial Development stock overvalued right now?
Based on GuruFocus' analysis, Aerospace Industrial Development (TPE:2634) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$49.24, compared to a current price of NT$61.90 — trading 25.7% above its estimated fair value. The current ROCE % is 12.62% and 104.2% above the Aerospace & Defense industry median of 6.18. Aerospace Industrial Development's overall GF Score™ is 74/100 with 13 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Aerospace Industrial Development (TPE:2634), the current ROCE % is 12.62% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Aerospace Industrial Development (TPE:2634) Overvalued in 2026?
Based on GuruFocus' analysis, Aerospace Industrial Development stock appears to be overvalued.
The current stock price of NT$61.90 is trading 25.7% above its estimated GF Value™ of NT$49.24.
GuruFocus considers Aerospace Industrial Development to be Modestly Overvalued.
Key valuation signals for TPE:2634:
ROCE %: 12.62%
GF Value™: NT$49.24 vs. price of NT$61.90 (25.7% above fair value)
Industry Position: 104.2% above the Aerospace & Defense median
No single metric tells the full story. See the TPE:2634 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aerospace Industrial Development Business Description
Aerospace Industrial Development Corp is involved in the manufacturing and development of aerospace and defense products. The company's main business categories are as follows: design, manufacture, assembly, testing and maintenance of aircraft, engines, avionics, and related components; consulting services and technology transfers of aerospace technology, logistical support and engineering technology management of large-scale projects; engineering and development of software and sales of aerospace products. Geographically, the company operates in Asia, Europe and American regions.
74GF Score
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